Biotech Lock-Up Expiration Hell Portfolio Message Board

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Biotech / Medical : Biotech Lock-Up Expiration Hell Portfolio

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To: tuck who wrote (996)	12/2/2004 12:28:21 AM
From: Jibacoa	Read Replies (1) of 1005

NGEN: Is giving $300K to UCL at San Diego for research at Dr. Heller's Lab.(To support 2yrs of research in nanotechnology.) biz.yahoo.com The stock seems to be breaking out from its last 3 months of consolidation at the 3.50 to 4 level.<g> bigcharts.marketwatch.com It closed today above its Sep.1 H of 5.02 The next resistance is now its mid-July H at 6.03 and then the July 2 H at 7.39 There is a pretty good short position (about 10% of the float with a short ratio around 5.6)which may accelerate the action to the upside.<g> I like the price action in the last 3 days, and couldn't resist buying back some today.<g> Bernard

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